Y Intercept Hong Kong Ltd Purchases Shares of 5,000 Stanley Black & Decker, Inc. (NYSE:SWK)

Y Intercept Hong Kong Ltd acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the industrial products company’s stock, valued at approximately $401,000.

A number of other institutional investors have also made changes to their positions in SWK. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker during the fourth quarter worth $36,000. Montag A & Associates Inc. acquired a new position in shares of Stanley Black & Decker in the fourth quarter valued at $44,000. Crews Bank & Trust acquired a new position in shares of Stanley Black & Decker in the fourth quarter valued at about $49,000. R Squared Ltd acquired a new position in shares of Stanley Black & Decker in the fourth quarter valued at about $54,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Stanley Black & Decker by 363.8% in the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 513 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SWK. UBS Group decreased their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Citigroup decreased their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price for the company. Finally, StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Price Performance

Shares of SWK opened at $84.02 on Tuesday. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The business’s fifty day moving average is $84.95 and its 200 day moving average is $92.43. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.97 billion, a P/E ratio of 43.31, a P/E/G ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.